On Thursday, Jefferies adjusted its outlook on Delta Air Lines (NYSE:), reducing the price target to $56 from the previous $58, while maintaining a Buy rating on the stock.
The revision reflects a more conservative estimate for the airline’s second-quarter earnings per share (EPS), now set at a midpoint of $2.35, down from the initially anticipated top-end of $2.45. This adjustment aligns with Delta’s own guidance, which ranges between $2.20 and $2.50.
The revised EPS estimate takes into…
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